Clarification on PMRPY Eligibility
As I read this point on the official site of PMRPY: "The eligible employer must have added new employees to the reference base of workers in order to avail benefits under the Scheme from August 2016 onwards. The reference base of workers will be determined by the number of employees against whom the employer has deposited the 12% (3.67% EPF + 8.33% EPS) with EPFO as on 31st March 2016, as ascertained/verified from the monthly ECR for March 2016. For example, an establishment, say M/s ABC Ltd., had filed an ECR for the employer's contribution for 45 employees/workers in March 2016. In the month of April 2016, the establishment added, say, 15 new workers bringing the total of employees to 60. The employer will be eligible to apply for the PMRPY scheme benefits for these 15 new employees. The employer will not be eligible to avail of PMRPY benefits if there is no new employment vis-à-vis the reference base in any subsequent month. The new employee, as mentioned in para 5(e) above, is one that had not worked in any EPFO registered establishment or had a Universal Account Number in the past, i.e., prior to 1st April 2016."
I want clarification about the above article: "At the time of registration for PMRPY, the company had 25 employees, and now we have only 10 employees. Are we eligible for PMRPY benefits (EPS share) or not? Will the government pay the employer's share in EPFO under this condition?"
From India, Delhi
Acknowledge(0)
Amend(0)
As I read this point on the official site of PMRPY: "The eligible employer must have added new employees to the reference base of workers in order to avail benefits under the Scheme from August 2016 onwards. The reference base of workers will be determined by the number of employees against whom the employer has deposited the 12% (3.67% EPF + 8.33% EPS) with EPFO as on 31st March 2016, as ascertained/verified from the monthly ECR for March 2016. For example, an establishment, say M/s ABC Ltd., had filed an ECR for the employer's contribution for 45 employees/workers in March 2016. In the month of April 2016, the establishment added, say, 15 new workers bringing the total of employees to 60. The employer will be eligible to apply for the PMRPY scheme benefits for these 15 new employees. The employer will not be eligible to avail of PMRPY benefits if there is no new employment vis-à-vis the reference base in any subsequent month. The new employee, as mentioned in para 5(e) above, is one that had not worked in any EPFO registered establishment or had a Universal Account Number in the past, i.e., prior to 1st April 2016."
I want clarification about the above article: "At the time of registration for PMRPY, the company had 25 employees, and now we have only 10 employees. Are we eligible for PMRPY benefits (EPS share) or not? Will the government pay the employer's share in EPFO under this condition?"
From India, Delhi
Acknowledge(0)Amend(0)
651CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPFO Notification on Restriction of ER Share withdrawal.pdf
Flexi Benefits Plan.doc